Housing recovery remains a work-in-progress

Posted August 2, 2017

Market sees modest inventory gains, but overall prices inch up Sales exhibited stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year.  City-wide sales totaled 1,637 units, six per cent below July 2016 levels. Year-to-date sales activity totaled… Read More→

Housing market retains momentum in April

Posted May 1, 2017

City-wide prices hold steady as labour market improves Calgary’s housing market continued to show signs of stability in April. With improvements in the labour market and a balanced detached sector, city-wide benchmark prices reached $439,600 in April, similar to the previous month, but 0.90 per cent below last year’s levels. “More jobs means less uncertainty… Read More→

No Change to Prime

Posted April 17, 2017

The Bank of Canada is keeping the target for the overnight rate at ½ percent.  While the global economy is exceeding the Bank’s January expectations-and the US is similarly experiencing solid growth-the Bank believes there is still an element of uncertainty around the global outlook. Similarly, Canada’s economic growth has been faster than predicted back… Read More→

Housing market set for favourable lead into spring

Posted April 3, 2017

From CREB Statistics Detached prices stabilize as city-wide inventory trends down After a long period of disconnect between supply and demand, Calgary’s detached housing sector is firmly in balanced territory. Sales were still 10 per cent below long-term trends in March, but above levels seen in recent years, while average inventory declined compared to last year,… Read More→

A transition in the making

Posted March 6, 2017

Detached sales activity boosts February housing market After the first two months of the year, Calgary’s detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years. As sales kept trending upward,… Read More→

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